The Business Times, 26 April 2010

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Microfilm: NL30642
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, April 26, 2010
    24 words
  • Article, Illustration
    Lock icon Small caps making big waves on Wall St
    840 1  -  But despite their outperformance, many analysts remain sceptical By ANDREW MARKS in New York IF YOU’VE never heard of Pacific Capital Bancorp, you’re hardly alone. The California-based regional bank sports a market capitalisation of just US$190 million, placing it far below most
    AFP  -  840 words
  • Article
    Lock icon MARKETS DIGEST
    157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 2,988.49 -18.70 KL COMP 1,336.78 +4.01 NIKKEI 225 10,914.46 -187.72 HANG SENG 21,244.49 -620.77 SET INDEX 754.58 +18.42 JAKARTA COMP 2,924.73 +46.06
    157 words
  • Article, Illustration
    Lock icon Employers ready to back partial CPF restoration
    722 1  -  Labour leaders agree that any CPF rate hike will be factored into wage adjustment By CHUANG PECK MING [SINGAPORE] With a final government decision expected soon as early as this week, some say employers have yielded to the call for a partial restoration
    FILE PHOTO  -  722 words
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      32 1 EMERGING ENTERPRISE 2010 Small gaming firm with big dreams PAGE 10 BizIT S’pore rising source of cyber attacks on region PAGE 30 DINING OUT The family-friendly Italian PAGE 24 8 *****1 *****4
      32 words
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      82 1 YOUNG INVESTORS’ FORUM What impacts investment decisions PAGE 14 PATEK PHILIPPE GENEVE Begin your own tradition. y Nautilus Ref. 5712/1A <i€)> Cortina watch Singapore Boutiques: The Shoppes at Marina Bay Sands Tel: (65) 6688 7008 ION Orchard Tel: (65) 6509 9238 Cortina Watch Espace: Singapore Millenia Walk Tel: (65) *****728
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      6 1 Views from the top, Pages 11-12
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  • TOP STORIES
    • Article, Illustration
      Lock icon Markets still struggling to make up for ‘lost year’
      998 2  -  Recovery in 2009 has still not offset losses suffered in 2008, BCG says By LYNETTE KHOO [SINGAPORE] Only about one-third of large-cap global companies have recovered the losses suffered during the downturn to generate a net positive total shareholder return (TSR)
      Source: Thomson Reuters Datastream, BCG analysis  -  998 words
    • Article
      Lock icon Story-concept ‘fast casual’ food outlet opens here
      490 2  -  Helfer’s Charly T’s offers dishes from all over the world By UMA SHANKARI [SINGAPORE] Richard Helfer, the former chairman and chief executive of Raffles Hotels and Resorts, is hoping to make a splash in Singapore’s F&B scene with Charly T’s. His “fast casual”
      490 words
    • Article, Illustration
      Lock icon More World Bank say for emerging countries
      620 2 Bank also agrees to raise more funds for global aid AFP [WASHINGTON] The World Bank agreed at a high-level meeting here yesterday to raise more money for global aid and to give emerging countries a greater say in how it is distributed. Treasury
      AFP  -  620 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      400 2 Employers ready to back partial CPF restoration WITH a final government decision expected soon, employers have yielded to the call for a partial restoration of the employer’s CPF contribution rate. This came after labour leaders conceded that any increase in the rate must be taken into account in
      400 words
    • Article
      Lock icon Johor property gets boost from Iskandar M’sia
      556 4  -  Rolling out of infrastructure in the economic zone fuels demand for homes By in Kuala PAULINE NG in Kuala Lumpur WORK on Iskandar Malaysia over the past year has led to an increase in economic activity that has boosted demand for housing, particularly
      556 words
    • Article, Illustration
      Lock icon US rally may be running out of legs
      940 4  -  Strong earnings figures eclipsed by Goldman shadow WALL STREET INSIGHT By in ANDREW MARKS in New York IT’S hard to strike a sour note when stocks grind through a week that saw investors forced to weather the continued aftershocks of the SEC’s
      BLOOMBERG  -  940 words
    • Article
      Lock icon Old, new Asean states should work to close development gap
      559 4  -  Cambodia DPM says it will help group to become one market By LEE U-WEN [SINGAPORE] The founding states of Asean should work closely with the younger members, such as Cambodia, Vietnam, Laos and Myanmar, to help close the wide development
      559 words
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      111 words
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      47 2 More IMF-World Bank reports on Page 16 Correction IN the article “Innovation next best bet for Asia” (BT, April 23), Lenovo was mentioned as having acquired IBM. Lenovo did not acquire IBM the corporation, it only bought IBM’s personal computing division. We are sorry for the error.
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      184 3 fL fc. f 1 h i^/ iff V/ > .V- >; f 1 ,v I Ivw a MViS 0 f* n /> X ft* 0 J# :*»<i *r* .V ""V'% I V V X 4. '4 M I s jsk 9 3? r s* k V N V r h
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      39 4 FOR EN BLOC SALE Premium Office Tower petaling jaya, malaysia Prime location, near IKEA Naming rights 19-storey 159,000 sq ft Stand alone 1 acre land Site works commenced tel: +603-7728 0300 fax: +603-7727 2800 www.pjtradecentre.com/point92 TUIUAN GEMILANC SDN. BHD.
      39 words
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  • COMPANY NEWS
    • Article
      Lock icon Quota for women directors needed?
      750 5  -  HOCK LOCK SIEW By MICHELLE QUAH DEVELOPED economies around the world are boosting their efforts to put more women on the boards of listed companies and one wonders if the effort to encourage gender equality should be repeated here. In the United States, the Securities
      750 words
    • Article
      Lock icon PRIME LENDING RATES
      403 5 APR 23 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      403 words
    • Article
      Lock icon COMPANY MEETINGS
      380 5 COMPANY MEETING PLACE DATE TIME Serial Sys A 8 Ubi View #05-01 Serial System Building Singapore *****4 24-Apr 10.30am Hotel Royal A Hotel Royal Queens, Royal Ballroom (Level 3), 12 Queen Street, Singapore *****3 24-Apr 2.30pm EMS Energy A E 214 Dunearn Road, Copthorne Orchid Hotel, Aranda Room,
      380 words
    • Article
      Lock icon Companies’ Q1 earnings jump 35% to $1.04b
      666 7  -  Of 33 reporting firms, 20 turn in higher profits, only one shows red ink By NISHA RAMCHANDANI COMPANIES have put on a fairly strong showing for the earnings season thus far, emerging with a healthy report card. As at Friday evening, 33 Singapore
      666 words
    • Article
      Lock icon SIA clears volcano backlog in Australia
      227 7 AFP [SYDNEY] Singapore Airlines said yesterday that it has cleared its backlog of passengers who were left stranded in Australia when a volcanic eruption in Iceland created an ash cloud that shut down European airports. Singapore said its international schedule was back to normal
      AFP  -  227 words
    • Article
      Lock icon At a glance
      339 7 Q1 results ended March 2010 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Keppel Corp 322.05 285.29 12.9 2,473.28 2,977.97 -16.9 2 CapitaLand 115.40 42.85 169.3 687.32 487.01 41.1 3 CapMallsAsia 96.78 10.35 835.5 74.64 52.93 41.0 4 CapitaMall Trust 80.62 68.56 17.6
      339 words
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      8 5 60,000 Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg
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      101 5 0 MARKETS get thinking FX/CFD trading The world's No. 1 CFD provider* FX/CFD trading provides a simple way to profit from rising and falling prices. Access global markets 24/7; FX plus thousands of shares, ETFs, commodities and indices on one account. Automatic rebates on Singapore shares and FX for high-volume
      101 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wall Street to provide support for sentiment
      650 6  -  STOCKS R SIVANITHY Senior Correspondent ONE of the recurring themes in this column over the past months is that no matter what happens, Wall Street will remain upright, firm and ever-ri-sing. A variety of reasons for this have been presented, primarily official determination
      650 words
    • Article
      Lock icon Low natural gas prices seen over next few months
      393 6  -  COMMODITY WATCH By AVTAR SANDU The writer is Asian commodities manager NATURAL gas is a major energy source for many countries such as the United States, where it provides about 24 per cent of energy. The gas is used to generate
      393 words
    • Article
      Lock icon US dollar seen rising with focus on Greece
      578 6 CURRENCIES Reuters [NEW YORK] The US dollar is expected to rise this week on a flight to safety as fiscal woes in Greece continue to dominate investor thinking and prompt a rise in risk aversion. Problems in the euro zone are expected
      Reuters  -  578 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1478 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties Ltd 2.00 2.00 11 11.68 10.61 1.47 1.24 ARA Asset Mgt Ltd 1.67 1.67 3 7.47 15.27 1.27 1.14 Armstrong Industrial Corp 1.00 1.00 2
      1,478 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP Thai Prime Fd 410 425.3 310.0 DBXT FTVietnam 10US$ 4638 170.1 2.7 Lyxor MS India 10US$ 1608 138.6 6.7 Keppel Corp 1006 52.0 5.5 OCC 3.93% NCPS10 8770 40.0 0.5 HsuFuChi 274 39.0 16.6 Jardine C&C 2988 36.0 1.2 DBXT MSINDO 10us$ 1221 35.7 2.2
      114 words
    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN GLD 10US$ *****-196.2 -1.3 DBXT FTChina25 10US$ 2980-150.9 -3.6 DBXT Nifty 10US$ *****-126.2 -0.8 JMH 3606 -79.6 -1.6 Lyxor China H 10US$ 1572 -70.0 -3.1 DBXT CSI300 10US$ 957 -64.5 -4.7 DBXT MSAsExJp 10US$ 2915 -63.1 -1.6 Lyxor EasternEurope1 552 -43.9 -5.5 CityDev 1084 -38.0
      120 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 6 Apr 23 CHNG YR 2010 CLOSE FR Apr 22 S$ LOW S$ HIGH US$ 1.3723 -0.15 1.4219 1.3703 Euro 1.8263 0.58 2.0153 1.8263@ Pounds 2.1092 0.31 2.2831 2.0845 A$ 1.2642 0.79 1.2960 1.2276 Yen* 1.4690 0.00 1.5927 1.4690 Rupiah* 0.***** -0.17 0.***** 0.***** Baht* 4.2605 -0.11
      87 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Apr 23 VALUE CLOSE BT OB/OS -281.00-266.00 BT CADI -*****.00 +27.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 726.75 -1.91 FTSE ST Small Cap 594.51 +0.48 FTSE ST All Share 740.49 +1.24 FTSE ST China Top 301.94 -3.44 FTSE ST China 314.24 -3.69 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Yangzijiang 382,178,000 GMG Global 276,747,000 ChinaNTown 269,613,000 Genting SP 263,093,000 Cosco Corp 243,584,000 Baker Tech 236,378,000 Golden Agri 235,076,000 Otto Marine 163,314,000 AsiaPower 145,254,000 JES 143,553,000 VALUE($) Yangzijiang 565,617,670 DBS Grp 468,272,165 CapitaLand 467,094,109 Cosco Corp 440,686,120 Keppel Corp 289,244,698 SingTel 274,620,955 UOB 244,418,526 Genting SP
      57 words
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      172 7 Accounting Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks The Accounting SWAT team offers expert help and fast turnaround to 285S* CoflVP Call 6-222 6868 now for the Accounting Specialists IMPORT FROM CHINA WITH DHL SO YOU DON'T HIT ANY GREAT WALLS. With
      172 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks take a breather, most portfolios retreat
      1425 8  -  TEH HOOI LING Senior Correspondent STOCKS took a breather after some two months of strong gains. Last week, five out of six of our portfolios retreated. The average decline was one per cent. This compared with the 0.6 per cent slide in the
      1,425 words
    • Article, Illustration
      Lock icon Director activity plunges but value more than doubles
      1249 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited DIRECTOR activity has plunged with only 10 firms recording 23 transactions based on filings on the exchange from April 19-23. The figures were sharply down from the previous week’s
      1,249 words
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  • SINGAPORE NEWS
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2146 9 Payment Ex Books Pay (cts) date close date 8Telecom Intl bn 0.622 11-May 13-May 02-Jun ABR Hldgs ak 1.000 11-May 13-May 27-May Action Asia an 1.000 06-May 10-May 19-May Adampak Ltd ak 1.500 06-May 10-May 26-May Advanced Hldgs ak 2.000 03-May 05-May 18-May AEI Corp ak 1.000 06-May
      2,146 words
    • Article, Illustration
      Lock icon GOODIE GIVEAWAYS FOR CABBIES
      156 9  -  By YEN MENG JIIN DESPITE the hot afternoon sun, staff of Studio M Hotel last Friday directed cab drivers plying along Mohamed Sultan Road to drive by the hotel to collect goodie bags as a token of appreciation for their long working hours. "We are heartened
      YEN MENG JIIN  -  156 words
    • Article
      Lock icon Tuas Power raises market share
      276 9  -  China Huaneng says unit’s share of S’pore market in Q1 up to 24.5% By RONNIE LIM CHINA’S biggest power producer China Huaneng, which has just announced a 41 per cent jump in first-quarter earnings thanks to surging domestic electricity demand, said that its Singapore unit
      276 words
  • Page 9 Advertisements
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      58 9 DB Platinum Branchen Stars R1C-A 19/04/10 131,07 EUR I db X-MACRO Trading Index Fund I4D 15/04/10 102,63 GBP DB Platinum II FX Select Guaranteed Fund R1D 19/04/10 100,01 USD DB Platinum IV Balanced Currency Harvest Euro 11C 19/04/10 102,04 EUR Booster Capital Guaranteed Fund SGD R1D 15/04/10 9,45 SGD Double
      58 words
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  • EMERGING ENTERPRISE 2010
    • Article, Illustration
      Lock icon Small gaming firm with big dreams
      1174 10  -  Tyler Projects does not crave to be the number one gaming company. It aims to be influential enough to change the social gaming scene altogether. GLENN CHEE reports GLENN CHEE TYLER Projects is a small local gaming company with dreams of becoming a giant
      ARTHUR LEE  -  1,174 words
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      577 10 This is the first of a series of features on the 15 finalists of the Emerging Enterprise 2010 Awards. Jointly presented by The Business Times and OCBC Bank, the EE 2010 recognises young SMEs with annual sales of less than $10 million. It is supported by RSM Chio Lim, Spring
      577 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Counting the cost
      2441 11 THIS WEEK’S TOPIC Is now the right time to begin restoring employers' CPF contribution rates? How quickly can this rate be raised and by how much? No, it’s not time yet Stefanie Yuen Thio Joint managing director TSMP Law Corporation ON the one hand, the Prime Minister
      FILE PHOTO  -  2,441 words
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      308 11 OCBC PREMIER BANKING ISN'T IT TIME YOU ENJOYED BONUS INTEREST ON YOUR SAVINGS? A m. 4 r. ▼i Earn interest of up to 1% p.a. when you deposit with us. Enjoy an attractive bonus interest of 0.45% p.a. when you deposit S$300,000 or more of fresh funds into an OCBC
      308 words
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      366 12 db x-trackers Deutsche Bank ETFs Hi '"Rate as of 21 April 2010 published by the RBA and subject to change. 1 st Australian money market ETF linked to the RBA rate currently at 4.25% Transparent: Listed on SGX in Australian Dollar (AUD), linked to the interbank overnight rate published by
      366 words
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      11 12 For the complete list of views from CEOs, go to http://businesstimes.com.sg
      11 words
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      1620 13 Taking the strategic route BEING a Managing Partner in a law firm is quite different from being the Chief Executive Officer (CEO) of a corporation. Despite this, KhattarWong’s Managing Partner, Tan Chong Huat, found the Singapore Institute of Management’s The Job of the Chief Executive (JOCE) programme, both useful and
      1,620 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon What impacts investment decisions
      1266 14  -  Marriage, children and housing cause significant changes in risk aversion which affects people’s choice of optimal portfolio mix By CHOO XIAO LI, NG HUI YIN, WONG SOON LEONG,KONG YOON KEE Choo Xiao Li and Ng Hui Yin are final-year banking and finance students and Wong Soon
      1,266 words
    • Article, Illustration
      Lock icon The exquisite joy of an Asian MBA
      1011 14  -  Doing an S3 Asia double-degree MBA teaches ABHINAV CHARAN the nuances of doing business in Asia CAMPUS LIFE ABHINAV CHARAN The writer is a student of the first cohort of the S3 Asia MBA offered by NUS Business School, Fudan University School of
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  • Page 14 Advertisements
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      249 14 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      249 words
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  • A SPECIAL SERIES BROUGHT TO YOU BY SHAREINVESTOR
    • Article, Illustration
      Lock icon Spreading the Love of Forex
      872 15 Nothing beats imparting a useful recession-proof skill to help others. Guide To Trading THAT is the belief of Mr. Jimmy Wong, Director of JF Lennon Institute of Financial Science. The talented entrepreneur, and also one of the region's top traders, has been inspiring students of
      872 words
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      Lock icon An Investment To Appreciate
      826 15 > Investor's Guide To Trading V INVESTORS here and around the region have increasingly developed a taste for fine wines over the last several years. But they are not confining their appreciation of wine to its consumption. Instead, they see it as an alternative form of
      826 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Threats remain despite pace of recovery: IMF chief
      488 16 Strauss-Kahn cites risks from long-term unemployment and unsustainable debts IMF-WORLD BANK SPRING MEETINGS NYT [WASHINGTON] The head of the International Monetary Fund said on Saturday that the global economic recovery, while moving along faster than expected, was vulnerable to threats posed by
      NYT; AP  -  488 words
    • Article
      Lock icon Greek aid will be concluded in time, says IMF
      610 16 Bloomberg [WASHINGTON] International Monetary Fund managing director Dominique Strauss-Kahn said talks over an aid package for cash-strapped Greece are accelerating and will be completed “in time” to meet the nation’s needs. “The IMF, the European partners and everyone involved in the
      Bloomberg  -  610 words
    • Article
      Lock icon G-20 split on need for global tax on banks
      664 16 Canada leads the opposition; US seeks support for levy NYT [WASHINGTON] Proposals to establish a global tax on banks and charge them for the cost of government bailouts divided representatives of the Group of 20 countries during a summit meeting here
      NYT  -  664 words
    • Article
      Lock icon 60 territories still operating as tax havens, claim campaigning groups
      667 16 Many of them have been given clean bill of health, they say AFP [PARIS] A year after leaders at a summit of the G-20 nations declared an end to the era of bank secrecy, most of the countries targeted as
      AFP  -  667 words
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      191 16 May Pulses out now! PSOCUCEDB* THE BUSFTSS TIMES PEOPLE Thai Beverage CEO Thapana Sirivadhanabhakdi The men behind Lumiere Capital TOP STORY STILL COMPETITIVE IN HIGH-VALUE MANUFACTURING COMPANIES Olam: The brand behind the brands Genting Singapore: A bumpy ride Keppel Corp: Ready to seize opportunities PLUS Stay invested via ETFs SGX
      191 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon By-election boost to GDP growth likely
      693 17  -  Economic output in Hulu Selangor is expected to increase many-fold MALAYSIA INSIGHT PAULINE NG KL Correspondent THEArab-MalaysianBanking Group last week gave the most bullish assessment of Malaysia’s economic prospects for the year so far with its forecast of 8 per cent growth. The group
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    • Article
      Lock icon BURSA MALAYSIA
      2059 17 VOL Apr 23 RM +/-(‘000) A M Realty 0.61 -0.02 68 Abric Bhd 0.18 unch 100 Advance Synergy 0.15 -0.01 220 Adventa Bhd 3.48 -0.02 204 Ae Multi Hldgs 0.68 unch 3130 Affin Holdings 3.12 unch 1851 Ahmad Zaki Resou 0.90 0.01 177 Aic Corp 0.82 0.05 567
      2,059 words
    • Article
      Lock icon BN clinches Hulu Selangor seat
      474 17 Win by convincing majority seen as support for reforms [HULU SELANGOR, Malaysia] Malaysia’s ruling coalition yesterday won a critical by-election with a convincing majority in a result seen as backing its ambitious reform plans. The Barisan Nasional’s (BN) recapture of a parliamentary seat in central
      474 words
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      1341 17 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg KBC Bank N.V. (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 2009 Consolidated Balance Sheet Net (un)realised gains from financial instruments at fair value through profit or loss Net realised gains from available-for-sale assets Net fee and
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  • GREATER CHINA
    • Article
      Lock icon G-20 ministers skate over Beijing's forex policy
      606 18 That could be a sign policymakers expect China to allow yuan to resume its rise Reuters [WASHINGTON] After months under pressure from the United States, Europe and other economic powers, China’s controversial yuan currency peg drew no fire from the G-20 meeting of
      Reuters  -  606 words
    • Article
      Lock icon Chinese central bank to control price rise expectations
      327 18 Reuters [BEIJING] China will adopt a package of policy tools to contain widespread inflationary expectations and nip potential risks in the bud, according to a central bank statement published yesterday. Repeating its long-standing policy tune, the statement cited central bank chief Zhou
      Reuters  -  327 words
    • Article, Illustration
      Lock icon Expo boosts Shanghai’s ambition to be world financial hub by 2020
      628 18 City beefs up infrastructure and stock market AFP [SHANGHAI] Shanghai has commissioned a new landmark to be unveiled during the World Expo that captures the city’s rising global ambitions: a beefed-up replica of Wall Street’s “Charging Bull”. The red-tinted
      AFP  -  628 words
    • Article, Illustration
      Lock icon China may cut banks’ foreign debt quotas
      857 18 Regulator said to be seeking to curb yuan speculation Reuters [SHANGHAI] China’s foreign exchange regulator is considering cutting shortterm foreign debt quotas for some commercial banks, three sources familiar with the situation said on Friday, as it seeks to curb speculation over yuan
      Reuters; AFP  -  857 words
    • Article
      Lock icon China banks set to post strong Q1 profit growth
      594 18 Reuters [SHANGHAI] Chinese banks likely saw strong profit growth in the first quarter, powered by a robust economic recovery, but government moves to rein in credit growth have clouded their prospects and the lenders’ rush to raise capital will weigh on
      Reuters  -  594 words
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  • INDIA
    • Article
      Lock icon Phone-tapping row set to rock parliament today
      511 19 Opposition parties unite on the issue, to demand statement from govt Reuters [NEW DELHI] A row over charges government agencies secretly tapped telephones of senior politicians is likely to paralyse India’s parliament today, possibly spelling fresh delay for the budget and other key
      Reuters  -  511 words
    • Article
      Lock icon Reliance Q4 profit rises 30% but misses forecasts
      445 19 Reuters [MUMBAI] India’s energy major Reliance Industries posted a 30 per cent rise in quarterly profit, missing forecasts, and said it is on the lookout for more shale gas joint ventures as it builds up its overseas operations. Lower-than-expected refining margins offset
      Reuters  -  445 words
    • Article, Illustration
      Lock icon ICICI Bank reports 35% rise in quarterly profit
      414 19 Bank has finished purging high-risk retail loans: CEO AP [MUMBAI] ICICI Bank Ltd, India’s largest private bank, said its quarterly profit rose by more than a third, missing expectations, as it continued to retrench its deposit base and cut back on risky
      AP; BLOOMBERG  -  414 words
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      781 19 Global Palm resources GLOBAL PALM RESOURCES HOLDINGS LIMITED (Company Registration Number: *****1345M) (Incorporated in the Republic of Singapore on 13 November 2009) mam I \L Joint Issue Managers, Underwriters and Placement Agents CO AmFraser Benefitinqj^eople andlthe Planet We are a producer of crude palm oil ("CPO") and palm kernels in
      781 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Germany, France taking hard line over Greece aid
      645 20 They will monitor tough restructuring of Greek economy and finances Reuters [BERLIN] European heavyweights Germany and France vowed over the weekend to take a hard line with Greece in exchange for financial support as doubts emerged over whether a 45 billion euro
      Reuters; REUTERS  -  645 words
    • Article
      Lock icon Murdoch’s Journal takes on New York Times
      649 20 AFP [WASHINGTON] In one corner, The New York Times. In the other, The Wall Street Journal. The two newspaper heavyweights are poised to do battle as Rupert Murdoch’s Journal challenges Arthur Sulzberger’s Times on its home ground: New York. The Journal unveils a
      AFP  -  649 words
    • Article
      Lock icon Thai PM vows to retake protest site
      392 20 AFP [BANGKOK] Thailand’s embattled premier vowed to clear Bangkok’s commercial heart of anti-govern-ment Red Shirt protesters as he appeared on national television yesterday in a show of unity with his army chief. But Prime Minister Abhisit Vejjajiva did not say when security forces
      AFP  -  392 words
    • Article
      Lock icon UAE banks likely to take Dubai World hit in Q2
      570 20 Central bank says lenders are not required to book provisions until there is more clarity Reuters [DUBAI] United Arab Emirates banks are likely to face the brunt of the Dubai World restructuring impact in the second quarter after the central
      Reuters  -  570 words
    • Article
      Lock icon Australia tax review to be released on May 2
      284 20 Reuters [CANBERRA] A sweeping review of Australia’s taxation system, which has ruffled feathers in the key mining sector, will be released on May 2, Treasurer Wayne Swan said on Friday. The review is tipped to recommend a new resources rent tax
      Reuters  -  284 words
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  • FOCUS: FINANCIAL REGULATION
    • Article, Illustration
      Lock icon Financial bill ‘premature, irrelevant’
      1144 21 Some critics point to specific issues left largely untouched; others say legislation is not even focused on precipitators of crisis NYT [NEW YORK] AS Democrats close in on their goal of overhauling America’s financial regulations, several prominent experts say that the legislation does not even address
      NYT; BLOOMBERG  -  1,144 words
    • Article
      Lock icon SEC review puts order anticipation under scrutiny
      1112 21 Strategy used by high frequency traders irks institutional investors Reuters [NEW YORK] A key high frequency trading strategy that has sparked the ire of many institutional investors is coming under increased regulatory scrutiny. The Securities and Exchange Commission on Wednesday shut a three-month
      Reuters  -  1,112 words
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  • WORLD
    • Article
      Lock icon Parties tar each other as being Wall St’s buddy
      703 22 But neither party has clean hands when it comes to cozying up to financial industry AP [WASHINGTON] Republicans and Democrats are furiously casting each other as Wall Street’s handmaiden, playing to election-year anger surging on Main Street. But neither party has
      AP  -  703 words
    • Article, Illustration
      Lock icon Goldman execs cheered housing collapse
      854 22 Senate releases documents ahead of CEO’s testimony GOLDMAN SACHS SUIT LAT-WP [WASHINGTON] As the US housing market started to slide, executives at the most legendary investment bank on Wall Street were trading e-mails in which they cheered the declines, even when those declines meant some
      LAT-WP; REUTERS  -  854 words
    • Article, Illustration
      Lock icon NOT FORGETTING MELBOURNE STORM
      96 22 [MELBOURNE] Neil Sorensen (left) and Kim Holmkvist (right), supporters of Australian rugby league team Melbourne Storm, arriving here yesterday with a banner at the team's first match since the champion side was found guilty of breaching the salary cap in a fraud which has rocked Australian
      AFP  -  96 words
    • Article
      Lock icon Mittal still the richest Briton, doubling his fortune
      273 22 Reuters [LONDON] British-based steel magnate Lakshmi Mittal topped the list of Britain’s richest people once again as the wealthiest in the country saw their fortunes soar in the last year, the annual Sunday Times Rich List survey said. The collective wealth of
      Reuters  -  273 words
    • Article
      Lock icon Goldman, other banks face compensation claims: Brown
      351 22 Reuters [COVENTRY, England] British Prime Minister Gordon Brown said any bank found guilty of wrongdoing could have to pay millions of dollars in compensation. Britain last week launched a probe into alleged fraud by Goldman Sachs after the United States accused Wall Street’s
      Reuters  -  351 words
    • Article
      Lock icon British newspapers jump into the election fray
      463 22 Partisan print media take sides and flaunt their political bias AP [LONDON] Britain’s general election is less than two weeks away, but it’s not just the politicians and spin doctors out to sway the voters the country’s newspaper journalists have also jumped into
      AP  -  463 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Travellers urged to offer seats to those stranded
      640 23 Branson calls Europe ban on flights unnecessary, says Virgin lost £50m AP [LONDON] Airlines have appealed to passengers to give up their seats to stranded travellers, as carriers across Europe attempted to clear a backlog of thousands of tourists grounded by the
      AP; AFP  -  640 words
    • Article
      Lock icon Experts look at air speed probes maintenance in Air France crash
      330 23 AFP [PARIS] An initial experts’ report into the crash of an Air France jet off Brazil last year, which killed 228 people, points to possible maintenance problems with air speed probes, a newspaper here said last Saturday. Experts said
      AFP  -  330 words
    • Article
      Lock icon First WIG craft registered in Singapore
      221 23  -  By JOYCE HOOI THE first wing-in-ground (WIG) craft was registered in Singapore yesterday by Wigetworks Private Limited. A WIG craft is a vessel that can operate completely above the surface of water on a dynamic air cushion created by aerodynamic lift. Wigetworks’ M/V Airfish
      221 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2864 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 Amsterdam LO4031 0605 KL834 1325 SQ323 0605 LO4032 2345 US5410 0605 SQ324 2345 KL833 1145 US5411 2345 AZ3992 1525 KL835 1525 Athens SQ348 0105
      2,864 words
    • Article
      Lock icon Piracy prompts Japan to open army base abroad
      703 23 Djibouti base will boost global efforts to curb hijackings AFP [DJIBOUTI] Japan is opening its first overseas army base in Djibouti, a small African state strategically located at the southern end of the Red Sea on the Gulf of Aden, to counter
      AFP  -  703 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      356 23 CRYPTIC CROSSWORD Across 1 Reach one working on land and take a tumble? (4,1,7) 8 Appropriate reduction in garment? (7) 9 Odd copper in front of us touring port (7) 11 Sword hurt girl (7) 12 It’s a man revitalised showing endurance (7) 13 Foolish writer on reflection restricted by
      356 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Not on the bestseller list just yet
      788 24  -  NEW RESTAURANT Gattopardo The Legends Fort Canning Park 11 Canning Walk Tel: 6338-5498 www.gattopardo.com.sg By Geoffrey Eu A restaurant named Gattopardo will strike a familiar chord with most Italians because it is also the title of the most famous book in modern Italian
      PHOTOS BY ARTHUR LEE  -  788 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      549 24 MAT-3 NOTICES In the matter of The Companies Act, Cap. 50 And In the Matter of ASCENT AIR-TECH PTE. LTD. (Company No. *****6100W) STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I, Tang Sin Yen of 608 Elias Road, #08-1 82, Singapore *****8,
      549 words
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      Lock icon Page 24 Advertisements Column 2
      332 24 IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF SINGAPORE COPPER TECHNOLOGIES PTE LTD (Provisional Liquidator Appointed) (Co. Reg. No. *****1537C) (Incorporated in the Republic of Singapore) NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT (CAP.50) NOTICE IS HEREBY GIVEN that pursuant
      332 words
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      Lock icon Page 24 Advertisements Column 3
      634 24 adv SOI15U1LD SOILBUILD GROUP HOLDINGS LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****9233M NOTICE OF BOOKS CLOSURE AND EFFECTIVE DATES FOR ADJUSTMENTS TO THE WARRANTS IN CONNECTION WITH A SHARE SPLIT To: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW SHARES IN SOILBUILD GROUP HOLDINGS LTD. (THE
      634 words
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      Lock icon Page 24 Advertisements Column 4
      816 24 IN THE MATTER OF RAYCO LABORATORIES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Company Registration No. *****8913E NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the abovementioned Company will be held at One Raffles Quay North
      816 words
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      Lock icon Page 24 Advertisements Column 5
      360 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE NIKKO MERCHANT BANK (SINGAPORE) LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No: *****3776W) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Temasek Avenue #04-00 Millenia Tower Singapore *****2
      360 words
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      Lock icon Page 24 Advertisements Column 6
      353 24 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF SINGAPORE COPPER TECHNOLOGIES PTE LTD (Provisional Liquidator Appointed) (Co. Reg. No. *****1537C) (Incorporated in the Republic of Singapore) Statutory Declaration by Directors Of Company's Inability to Continue Business by Reason of its Liabilities I, Kwok Meei
      353 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9305 25 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 4.5 3148 8Telecom 18cd +1 1433 18 17 17 18 1.7 10.1 5.8 86.2 10 4.5 5834 A-Sonic 7.5 unch 1113 7.5
      9,305 words
    • Article
      Lock icon SGX CATALIST
      2114 26 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 7 unch 82 7 6 6 8 38.9 6.7 25 12 8538 t APStrategic 21.5 -1
      2,114 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 26 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 2.170 +0.010 CapitaLand 3.940 +0.010 CapitaMall 1.880 -0.010 CityDev 10.840 -0.160 ComfortDelGro 1.580 -0.040 DBS Grp 15.480 +0.120 F&N 4.940 -0.010 Genting SP 0.855 -0.005 Golden Agri 0.610 +0.010 HK Land 5.120 -0.090
      116 words
    • Article
      Lock icon STOCKS ASIA
      2702 26 Transaction date: Apr 23 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.79 -0.05 116 Aeon Stores 12.42 -0.18 32 Angang Steel 12.66 -0.60 ***** Anhui Conch 49.10 -1.55
      2,702 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 10 0 0 0 0 8 10 0 Manufacturing 82 99 54 8 15 21 90 114 75 Commerce 20 39 24 4 7 9 24 46 33 Tpt/Stor/Comms 8 25 10
      186 words
    • Article
      Lock icon SGX ETF
      729 26 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 112 107 6389 ABF SG Bond ETF 109.5 unch 2 109.5 109 109.5 110 499.8 876 527 CIMBAsean40 100US$ US873 -3 1 873 873
      729 words
    • Article
      Lock icon CLOB INTERNATIONAL
      74 26 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 26 6000 AVJennings A49 45.5 52 3.6 7.1 3.9 127.6 31 9.5 6017 Genting HK US$ US19.5 -1 8160 21 19.5 19.5 20
      74 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 145,889 145,889 455,904 455,904 Manufacturing 2,764,747 218,201 2,982,948 1,805,749 11,703 1,817,452 Commerce 680,138 106,181 786,319 642,752 26,256 669,008 Tpt/Stor/Comms 745,865 7,934 753,799 1,428,583 1,153 1,429,736 Finance 146,141 5 146,146 1,196,702 1,196,702 Construction 326,582 72,359 398,941
      122 words
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  • Page 26 Advertisements
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      26 26 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 23 Index Change Change Change Change Change Change World Index Preliminary 882.4 0.2 6.0 -0.1 2.0 0.1 4.4 EAFE Preliminary 815.1 0.5 3.9 0.2 -2.3 0.4 0.0 Europe Preliminary 1164.8 1.0
      365 words
    • Article
      Lock icon INTERBANK RATES
      180 27 Apr 23 $S Offer Bid Overnight 1/16 par 1-month 3/8 1/8 2-months 1/2 1/4 3-months 5/8 3/8 Overnight mode: 0.08 US$ Offer Bid 7 days 0.30 0.25 1 month 0.36 0.26 2 months 0.38 0.28 3 months 0.40 0.30 6 months 0.53 0.43 9 months 0.90 0.70 12
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Apr 23 S$ Bid Offer 1-month 1.3718 1.3732 2-months 1.3718 1.3732 3-months 1.3718 1.3732 6-months 1.3717 1.3731 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Apr 23 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2610 1.2980 Can dollar 1.3630 1.3790 Euro 1.8090 1.8280 NZ dollar 0.9690 0.9900 Sterling pound 2.0980 2.1210 US dollar 1.3660 1.3810 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 27 Apr 23 Open High Sett STI Apr 2977 SIMSCI Apr 351.9 354.7 353.7 Taiwan Apr 283.5 285.9 285.2 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      66 27 Apr 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2525 2561 2561 2525 1784 5325 Jun 10 2505 2552 2552 2505 3124 ***** Jul 10 2506 2540 2540 2503 8392 ***** Aug 10 2500 2535
      66 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      374 27 Apr 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.5950 0 3458 Sep10 99.4450 0 2254 Dec10 99.1900 0 2486 Mar11 98.8600 0 2384 EUROYEN TIBOR FUTURES Jun10 99.6150 99.6150 99.6150 99.6150 35 4258 Sep10 99.6400 99.6400 99.6400 99.6350 0 3259 Dec10 99.6400 68 1450
      374 words
    • Article
      Lock icon SICOM FUTURES
      177 27 Apr 23 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 10 408.0 408.0 408.0 10 Jun 10 387.0 10 Jul 10 360.0 360.0 357.0 20 Aug 10 346.0 Sep 10 335.0 Oct 10 333.8 333.7 332.0 40 TSR
      177 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 27 Apr 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 22.07.2010 0.34 1-Year BY*****N 01.11.2010 0.35 0.32 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.06 5-Year N*****0N 1.375 01.10.2014 100.90 101.01 101.01
      88 words
    • Article
      Lock icon CHICAGO BOT
      106 27 Apr 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 1000.00 1004.25 1006.50 996.00 Jul 10 1010.00 1015.00 1017.25 1006.75 Aug 10 1007.00 1011.75 1013.25 1004.00 Sep 10 990.25 996.50 997.00 986.75 SOYBEAN/OIL (60,000 lbs;US cents/lb) Close Previous High/Low May 10 39.35 39.09
      106 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Apr 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 85.31 0.11 WTI (Near Mth) 83.00 0.03 Dubai (1-Mth F) 83.95 0.17 Tapis blend 90.35 1.40 Minas 90.30 0.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.11 -0.83 Jet Kerosene 94.75 0.90 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2683 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.5 unch 2748 1 15 -9 4.78 49 4085 ASJ Hldgs W*****1 4.5 1 573 1 4 6 1.78 22 2036 Advance SCT Ltd W*****9 0.5
      2,683 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 27 Apr 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.920 6.284 0.693 7.143 40.948 82.938 0.859 10.202 2.942 1.295 77.301 40.795 1.263 6.883 0.993 28.946 29.641 0.598 0.920 Canada 1.087 6.833
      466 words
    • Article
      Lock icon SIBOR
      85 27 Apr 23 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Apr 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2621 1.2640 0.9200 0.9205 Canadian dollar 1.3724 1.3746 1.0004 1.0010 Euro 1.8212 1.8232 1.3275 1.3277 NZ dollar 0.9746 0.9762 0.7104 0.7109 Sterling pound 2.1094 2.1118 1.5376 1.5379
      154 words
    • Article
      Lock icon PRECIOUS METALS
      139 27 Apr 23 GOLD (US$/oz) Apr 22 Apr 23 Hong Kong 1046.50 1140.80 Apr 23 Apr 22 London 1155.85 1135.55 1156.85 1136.55 Source: Thomson Reuters CAST BAR Apr 23 (S$) Selling Buying Kilobar 54,195.50 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 51 5gm 344.54 253 10gm 615.25
      139 words
    • Article
      Lock icon LONDON METALS
      71 27 Apr 23 Apr 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2302.50 2288.25 3 months 2334.00 2320.00 Copper, Grade A (US$/tonne) Cash 7715.00 7655.25 3 months 7750.00 7690.00 Lead (US$/tonne) Cash 2272.50 2280.75 3 months 2300.00 2308.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon LIFFE
      77 27 Apr 23 COCOA (£/tonne) Close Prev High/Low May 10 2305 2264 2320/2263 Jul 10 2336 2291 2350/1289 Sep 10 2304 2260 2315/2257 Dec 10 2259 2224 2270/2227 COFFEE (US$/tonne) Close Pev High/Low May 10 1297 1292 1301/1286 Jul 10 1336 1331 1339/1325 Sep 10 1371 1365 1373/1359 SUGAR (US
      77 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5999 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
    5,999 words
  • Page 28 Advertisements
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      31 29 I Can they find your services here in the Shipping 1 Times? Legal services W re •e owners TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      31 words
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  • BizIT
    • Article, Illustration
      Lock icon S'pore a growing platform for cyber attacks on region
      829 30  -  Symantec says rising level in social networking, Internet penetration and crimeware kit availability are possible reasons for the trend, reports ONG BOON KIAT ONG BOON KIAT SINGAPORE was the sixth largest source of cyber attacks that targeted computers and networks in
      ST FILE GRAPHIC  -  829 words
    • <what’s up>
      • Article
        Lock icon Amazon Web Services executive in S'pore
        77 30 ANDY Jassy, senior vice-president of Amazon Web Services (AWS), will be in Singapore on April 29 to deliver a pubic address on cloud computing. The event, at Raffles City Convention Centre, is part of the Infocomm Development Authority of Singapore’s Distinguished Infocomm Speaker series.
        77 words
      • Article
        Lock icon Free Norton Internet Security 2011 trial
        88 30 NORTON has started offering free downloads of the beta version of its latest security software package. Norton Internet security 2011 is now available at the company’s test site (http://www.symantec.com /norton/beta/). This version uses the same reputation-based engine as its predecessor to determine the severity
        88 words
      • Article
        Lock icon HP thinks small with new laser printers
        119 30 HEWLETT-PACKARD has introduced two new multi-function laser printers that literally offer smaller businesses the ability to print on demand. The HP LaserJet Pro M1130 and M1210 claim to be among the first products to incorporate an auto-on and auto-off function. This allows small
        119 words
      • Article
        Lock icon 24-hour programming challenge returns
        107 30  -  Compiled by WINSTON CHAI CODE :XTREMEAPPS, an annual programming competition organised by the Information Technology Standards Committee, will return for a fourth time this year. The contest will have a green theme this time participants will be asked to create an online or mobile application to
        107 words
    • Article, Illustration
      Lock icon Rivals taking steps to combat iPad
      315 30 AFP [SAN FRANCISCO] US bookstore giant Barnes Noble added web surfing and games to its electronic reader on Friday, as rivals move to break the momentum of Apple’s freshly launched iPad tablet computer. Barnes Noble updated its Nook devices with features that included letting
      AFP; FILE PHOTOS  -  315 words
    • Article
      Lock icon Microsoft, Google eye Arabic Web growth potential
      542 30 Arab world well-placed to go straight to mobile Internet, skipping PC era Reuters [CAIRO] The further integration of Arabic language capabilities in Internet and other technological architecture will grant millions more access to the digital world, Microsoft and Google executives say. As devices
      Reuters  -  542 words
    • Article, Illustration
      Lock icon SingTel unit sees business cloud lifting
      478 31  -  Alatum's growing list of deals includes a major project at the upcoming YOG By ONG BOON KIAT SINGAPORE’S ambition to become a hub for pay-per-use “cloud” and “grid” computing services is on track, judging by the steady sales chalked up by Alatum one of
      478 words
    • Article
      Lock icon Indian IT major HCL sees good regional growth
      338 31  -  By AMIT ROY CHOUDHURY INDIAN software major HCL Technologies has posted a 7.9 per cent increase in revenue in its Asia Pacif-ic-MEA (Middle East and Africa) operations in the third quarter of its fiscal year which ended on March 31. Disclosing this
      338 words
    • Article
      Lock icon Lufthansa invites man who lost iPhone
      223 31 AFP [BERLIN] Lufthansa has offered the Apple software engineer who left an iPhone prototype in a German-style beer garden in California a free trip to “pick up where you last left off”. In a letter to Gray Powell published on the Internet last Friday,
      AFP  -  223 words
    • Article, Illustration
      Lock icon CenturyTel’s Qwest deal raises concern for stock
      970 31 2nd large acquisition in a year drawing integration worries Bloomberg [NEW YORK] CenturyTel Inc’s Glen Post built his Louisiana phone carrier with a dozen purchases in a decade. His latest prize is raising concern on Wall Street. The 57-year-old announced a plan to
      Bloomberg; BLOOMBERG  -  970 words
    • Article
      Lock icon Japanese group gives 3D viewers health tips
      324 31 AFP [TOKYO] A group of Japanese businesses has released a handbook advising viewers on health and safety when watching three-di-mensional television to counter symptoms such as dizziness, nausea and eye fatigue. “There are basic rules to know” when watching 3D images safely, the
      AFP  -  324 words
    • Article, Illustration
      Lock icon UK online marketing firm sets up HQ here
      361 31  -  MediaCo hopes to achieve sales of $1m in a year By JASLENE PANG ONLINE marketing service provider MediaCo has made Singapore the headquarters for its Asian operations. The UK company plans to use Singapore as a base to attract customers locally as
      361 words
    • BizIT FOCUS
      • Article, Illustration
        Lock icon The IT innovation imperative
        1233 32  -  As a result of the recession, businesses have resorted to innovation instead of new technology capabilities, reports WINSTON CHAI WINSTON CHAI WHEN the going gets tough, the tough start thinking. And chief information officers (CIOs) across the region definitely had to think long and hard in
        FILE PHOTO  -  1,233 words
      • Article
        Lock icon Be green and stay lean
        280 32 THE green movement is fast catching on in the corporate community, but most companies are still under the illusion that adopting eco-friendly technologies will be a cost burden. However, the Bank of Queensland shows that with proper planning, green innovation can, in fact, deliver the
        280 words
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